Indiana Regulator Fines Caesars $1 Zillion, Approves Centaur Casinos Obtain

The very Indiana Gaming Commission unanimously approved Thurs . the suggested acquisition of a couple of state racinos by Caesars Entertainment Corp., but fined the Vegas gaming huge $1 zillion over its threats that will nix another project inside Indiana caused by a dispute using local government bodies.

Caesars published last autumn that it would purchase the Hoosier Park racino in Anderson and the Indianapolis Grand racino near Shelbyville from Centaur Gaming for the total amount involving $1. siete billion . Gaming regulators voted 5-0 in favor of the deal during their Thurs . meeting. When complete, typically the transaction will always make Caesars the largest commercial video games operator from the state having four homes. The company undoubtedly owns the main Horseshoe Hammond and Horseshoe Southern Indiana riverboat gambling houses in the say.

During the Wed meeting, the main Gaming Compensation also launched that Caesars would be forced to pay any $1-million fine for frightening to eliminate the $90-million relocation regarding Horseshoe Southern Indiana on nearby territory.

Local mass media outlets said earlier this season, citing an email between Caesars and the Indy Gaming Fee, that the owner disputed any $50-million price required to be paid through Centaur for any change for ownership in the above-mentioned two gaming components. Under point out gaming regulations, the send fee does apply to any these transaction, in the event that it involves agencies that are underneath Chapter 10 bankruptcy safeguard. (more…)